NYSE
FTS

Fortis Inc

Utilities-Regulated Electric
Utilities

Prices are adjusted according to historical splits.

Fortis Inc Stock Price

Vitals

Today's Low:
$39.39
Today's High:
$40.085
Open Price:
$39.76
52W Low:
$33.3768
52W High:
$45.3737
Prev. Close:
$39.74
Volume:
695119

Company Statistics

Market Cap.:
$19.33 billion
Book Value:
40.617
Revenue TTM:
$11.63 billion
Operating Margin TTM:
25.86%
Gross Profit TTM:
$4.41 billion
Profit Margin:
12.82%
Return on Assets TTM:
3.03%
Return on Equity TTM:
7.2%

Company Profile

Fortis Inc had its IPO on 2016-01-04 under the ticker symbol FTS.

The company operates in the Utilities sector and Utilities-Regulated Electric industry. Fortis Inc has a staff strength of 9,200 employees.

Stock update

Shares of Fortis Inc opened at $39.76 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $39.39 - $40.09, and closed at $39.99.

This is a +0.63% increase from the previous day's closing price.

A total volume of 695,119 shares were traded at the close of the day’s session.

In the last one week, shares of Fortis Inc have increased by +1.89%.

Fortis Inc's Key Ratios

Fortis Inc has a market cap of $19.33 billion, indicating a price to book ratio of 1.3819 and a price to sales ratio of 1.8471.

In the last 12-months Fortis Inc’s revenue was $11.63 billion with a gross profit of $4.41 billion and an EBITDA of $4.73 billion. The EBITDA ratio measures Fortis Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Fortis Inc’s operating margin was 25.86% while its return on assets stood at 3.03% with a return of equity of 7.2%.

In Q2, Fortis Inc’s quarterly earnings growth was a positive 2.7% while revenue growth was a positive 4.3%.

Fortis Inc’s PE and PEG Ratio

Forward PE
18.9394
Trailing PE
18.3134
PEG
0

Its diluted EPS in the last 12-months stands at $2.17 per share while it has a forward price to earnings multiple of 18.9394 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Fortis Inc’s profitability.

Fortis Inc stock is trading at a EV to sales ratio of 4.005 and a EV to EBITDA ratio of 9.5127. Its price to sales ratio in the trailing 12-months stood at 1.8471.

Fortis Inc stock pays annual dividends of $2.23 per share, indicating a yield of 4.21% and a payout ratio of 56.8%.

Balance sheet and cash flow metrics

Total Assets
$64.08 billion
Total Liabilities
$5.41 billion
Operating Cash Flow
$0
Capital Expenditure
$982 million
Dividend Payout Ratio
56.8%

Fortis Inc ended 2024 with $64.08 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $64.08 billion while shareholder equity stood at $21.38 billion.

Fortis Inc ended 2024 with $0 in deferred long-term liabilities, $5.41 billion in other current liabilities, 14889000000.00 in common stock, $4.19 billion in retained earnings and $12.18 billion in goodwill. Its cash balance stood at $690.00 million and cash and short-term investments were $690.00 million. The company’s total short-term debt was $2,364,000,000 while long-term debt stood at $26.81 billion.

Fortis Inc’s total current assets stands at $4.26 billion while long-term investments were $0 and short-term investments were $0. Its net receivables were $1.58 billion compared to accounts payable of $2.43 billion and inventory worth $534.00 million.

In 2024, Fortis Inc's operating cash flow was $0 while its capital expenditure stood at $982 million.

Comparatively, Fortis Inc paid $0.57 in dividends in 2024.

Other key metrics

Current Trading Price
$39.99
52-Week High
$45.3737
52-Week Low
$33.3768
Analyst Target Price
$40.99

Fortis Inc stock is currently trading at $39.99 per share. It touched a 52-week high of $45.3737 and a 52-week low of $45.3737. Analysts tracking the stock have a 12-month average target price of $40.99.

Its 50-day moving average was $40.73 and 200-day moving average was $40.94 The short ratio stood at 19.5 indicating a short percent outstanding of 0%.

Around 7.6% of the company’s stock are held by insiders while 5555.9% are held by institutions.

Frequently Asked Questions About Fortis Inc

The stock symbol (also called stock or share ticker) of Fortis Inc is FTS

The IPO of Fortis Inc took place on 2016-01-04

Similar Industry Stocks (Utilities-Regulated Electric)

Last Price
Chg
Chg%
$53.54
-3.54
-6.2%
$9.52
0.06
+0.63%
$27.47
0.97
+3.66%
$23.5
0.96
+4.26%
Gratomic Inc (CBULF)
$0.16
-0.01
-5.19%
$461.2
-17.3
-3.62%
$2682.85
-220.1
-7.58%
Humacyte Inc (HUMA)
$3.88
0.18
+4.86%
$9.37
0.85
+9.98%

Most Active

Last Price
Chg
Chg%
Amyris Inc (AMRS)
$0.14
0.07
+100%
$0.12
0.04
+45.29%
$0.96
0.05
+5.4%
$1.34
-0.35
-20.71%
Humbl Inc (HMBL)
$0
0
0%

Top Gainers

Last Price
Chg
Chg%
$0
0
+172200%
$0
0
+51200%
$283
280.03
+9428.62%
$11.2
10.57
+1667.68%
Latch Inc (LTCHW)
$0.01
-0.03
+1550%

Top Losers

Last Price
Chg
Chg%
$0.19
-123.15
-99.85%
$0
-0.11
-99.55%
$0
-0
-97.96%
$0
-0.01
-93.94%
$0.01
-0.06
-92.24%

About

Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 443,000 retail customers in southeastern Arizona; and 102,000 retail customers in Arizona’s Mohave and Santa Cruz counties with an aggregate capacity of 3,328 megawatts (MW), including 68 MW of solar capacity and 250 MV of wind capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,076,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 584,000 customers in southern and central Alberta; owns 4 hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to five hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 143 MW; and on Prince Edward Island with a generating capacity of 90 MW. Additionally, it provides integrated electric utility service to approximately 68,000 customers in Ontario; approximately 274,000 customers in Newfoundland and Labrador; approximately 33,000 customers on Grand Cayman, Cayman Islands; and approximately 17,000 customers on certain islands in Turks and Caicos. It also holds long-term contracted generation assets in Belize consisting of 3 hydroelectric generating facilities with a combined capacity of 51 MW; and the Aitken Creek natural gas storage facility. It also owns and operates approximately 90,200 circuit Kilometers (km) of distribution lines; and approximately 51,200 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John’s, Canada.

Address

Fortis Place, Saint John's, NF, Canada, A1E 0E4